Sinopec, Aramco sign agreement for Yanbu Refinery expansion in Saudi Arabia
China Petroleum & Chemical Corporation (Sinopec) and the Saudi Arabian Oil Company (Aramco) have signed a venture framework agreement to…
Saudi Aramco
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Assessing Saudi Arabia’s “ambitious” renewable goals
Saudi Arabia is the second-largest crude oil producer – sitting just ahead of Russia, and below the US – with…
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Saudi Arabia’s national shipping firm splashes $1bn on nine VLCCs
Bahri, also known as the National Shipping Company of Saudi Arabia, will spend $1bn to buy nine very large crude…
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Saudi oil cut prompts IMF to downgrade kingdom’s growth projections
Saudi Arabia has seen its International Monetary Fund growth projections downgraded, in a move that reflects the oil-producing giant’s recent…
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Saudi Arabia nets $12bn from Aramco share sale after increasing offer
Saudi Arabia has raised more than $12bn (SR45bn) from selling additional shares in state-owned Aramco, after the offering was increased…
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China’s imports of Saudi Arabian crude oil look set to rebound in August
Crude oil from Saudi Arabia heading for China is likely to reach 44 million barrels in August following price cuts…
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Saudi Arabia sees its sea-based oil exports drop in June
Saudi Arabia has seemingly kept hold of some of its oil in June, with sea-based exports dropping substantially. The world’s…
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Saudi Aramco’s capex cut may impact BPCL investment plans
State-owned oil company Saudi Aramco will cut $25bn-$30bn from its capital expenditure in response to the coronavirus pandemic. However, analysts…
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Schlumberger announces oil and gas manufacturing in Saudi Arabia
Oilfield services firm Schlumberger has announced a new manufacturing centre in the King Salman Energy Park (SPARK) in Saudi Arabia.…
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Saudi Aramco completes world’s largest IPO
Saudi Aramco has completed the largest initial public offering (IPO) in history by raising $25.6bn for a 1.5% stake in…
